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Celebrated fashion mogul and socialite Bryan Ahumuza, the founder and face behind the upscale Abryanz Collection, has been ordered by the Commercial Division of the High Court to pay USD…
Behind the gleaming figures of a clean financial audit and commendable regulatory performance, the Uganda Retirement Benefits Regulatory Authority (URBRA) is grappling with internal cracks. URBRA regulates a sensitive sector…
On February 7, President Museveni appointed 21 judges of the High Court in acting capacity for a period of two years. The CEO Magazine examines the the career profiles of the new judges of the High Court with focus on years of experience, academic and professional accomplishments. Lady Justice Sarah Langa Siu She is a distinguished legal professional with over 19 years of experience in Uganda’s Judiciary. She is known for her leadership in judicial administration and anti-corruption efforts, earning recognition as a ‘young pace-setter.’ Lady Justice Langa began her judicial career in 2005 as a Grade One Magistrate, before…
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The High Court has directed Bank of Uganda (BoU) to pay UGX 200 million to an interior design firm, C&S Upholstery Limited, for unfairly disqualifying it from a multi-billion contract to supply and install carpets at the central bank’s headquarters in Kampala. In a ruling delivered by Justice Musa Sekaana, court noted that Bank of Uganda had breached its statutory duty of fairness and transparency in the procurement process by wrongly rejecting C&S Upholstery’s bid over allegations of forgery. Court found no credible basis for Bank of Uganda’s actions, which caused financial losses and reputational damage to the company. Bank…
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On the 23rd of December, 2024, four ABMAK Associates’ lawyers made their mark by securing a fair ruling for Heritage Oil in a protracted legal battle against Uganda Revenue Authority at the High Court’s Commercial Division, in which, Justice Susan Abinyo issued an order to the Taxman to refund excess tax to Heritage Oil. Heritage Oil was represented by lawyers including Denis Kusaasira jointly with Festus Akunobera, Joshua Byabashaija, and Steven Kabuye. The CEO Magazine spotlights the career profiles of the ABMAK lawyers who took the shine away from the URA legal team in the complex case. Denis Kusaasira-Partner Denis…
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The High Court’s Commercial Division Judge, Susan Abinyo, has issued an order to Uganda Revenue Authority (URA) to refund excess tax to Heritage Oil after a decades-long legal battle between the two entities with millions of dollars at stake in a complex commercial oil transaction. On December 23rd, 2024, Judge Abinyo ruled that over USD 150 million in exploration costs such as drilling, geological surveys, among others that Heritage Oil incurred should have been accounted for during the capital gains tax computation. This, in effect, resulted into inflated tax charges on Heritage oil. According to audit firm PwC, Capital gains are…
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East Africa is the fastest-growing economic region on the continent. In 2022, Uganda, Kenya and Tanzania attracted over USD13.3 billion worth of foreign direct investment (FDI). This is according to the latest investment report by the business advisory firm Ernst & Young. The report singled out Uganda as having received USD10.2 billion — the highest in East Africa — creating 6,300 jobs. However, a refusal by a Ugandan Commercial Court to respect and enforce a London Court of International Arbitration (LCIA) ruling has turned on the stage lights onto Uganda’s investment climate and may position the country in a bad…
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The High Court has ordered Citibank to attach and remit UGX450 million from Daily Monitor’s bank account to an account in Stanbic Bank in favour of the Permanent Secretary/ Secretary to the Judiciary Pius Bigirimana. In January 2023, the Court of Appeal upheld an earlier High Court ruling that ordered the Nation Media Group-owned newspaper to pay Bigirimana, UGX450 million as compensatory damages for defaming him in a series of articles published on several dates between 2012 and 2015. Following the Court of Appeal ruling, the newspaper filed an application for a stay of execution and an interim stay of…
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